This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
The below stocks have been identified as having potential to register bigger than normal share price moves (up or down) today based on the news cited
Virgin Money (VM) – agrees to £1.7bn all share offer from CYBG for 38% share of new group; 1.2125 new CYBG shares for each Virgin share (371p); 19% premium to undisturbed 4 May closing price. Closing price: 355p
Rio Tinto (RIO) – reiterates 330-340m tonne 2018 iron ore shipping guidance; Sees $2.2bn spending on replacement iron ore mines over next 3yrs. Closing price: 4219.5p
Indivior (INDV) – granted temporary restraining order (TRO) by US District Court for District of New Jersey that compels Dr Reddy’s to immediately cease launch activities related to generic SUBOXONE Film. Closing price: 360.5p
Rentokil (RTO) – Regulator CMA says acquisition of Cannon Hygiene may lead to higher prices and lower quality, solution required by June 25, otherwise more in-depth probe. Closing price: 350.2p
DS Smith (SMDS) – FY revenues +21%, adj. pre-tax profit +21%, dividend -7.5%, new year started well, momentum continuing, ongoing recovery in paper prices progressing as expected. Closing price: 563.8p
(Sources: Company newswires, Bloomberg, CNBC, FT, Reuters, Wall Street Journal)
For more information on any of these individual news items, call into the trading floor
| Stock | Code | Close | High | Low |
| TESCO | TSCO | 2.0% | 4.4% | 0.4% |
| ROLLS-ROYCE | RR/ | 7.6% | 14.5% | 7.4% |
| CRH | CRH | -1.3% | 1.5% | -1.3% |
This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.
Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance. Prepared by Michael van Dulken, Head of Research